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Unlike other industries in which intellectual property is patentable, the financial industry relies on trade secrecy to protect its business processes and methods, which can obscure critical financial risk exposures from regulators and the…

Risk Management · Quantitative Finance 2011-11-28 Emmanuel A. Abbe , Amir E. Khandani , Andrew W. Lo

Consider a data publishing setting for a data set with public and private features. The objective of the publisher is to maximize the amount of information about the public features in a revealed data set, while keeping the information…

Information Theory · Computer Science 2018-05-11 Hao Wang , Mario Diaz , Flavio P. Calmon , Lalitha Sankar

Constant function market makers (CFMMs) are a popular decentralized exchange mechanism and have recently been the subject of much research, but major CFMMs give traders no privacy. Prior work proposes randomly splitting and shuffling trades…

Computer Science and Game Theory · Computer Science 2023-09-27 Mohak Goyal , Geoffrey Ramseyer

We study probabilistic single-item second-price auctions where the item is characterized by a set of attributes. The auctioneer knows the actual instantiation of all the attributes, but he may choose to reveal only a subset of these…

Computer Science and Game Theory · Computer Science 2013-02-22 Mingyu Guo , Argyrios Deligkas

Strategic information is valuable either by remaining private (for instance if it is sensitive) or, on the other hand, by being used publicly to increase some utility. These two objectives are antagonistic and leaking this information might…

Machine Learning · Statistics 2020-03-03 Etienne Boursier , Vianney Perchet

We consider the problem of designing a survey to aggregate non-verifiable information from a privacy-sensitive population: an analyst wants to compute some aggregate statistic from the private bits held by each member of a population, but…

Computer Science and Game Theory · Computer Science 2014-04-25 Arpita Ghosh , Katrina Ligett , Aaron Roth , Grant Schoenebeck

Decentralized exchange markets leveraging blockchain have been proposed recently to provide open and equal access to traders, improve transparency and reduce systemic risk of centralized exchanges. However, they compromise on the privacy of…

Cryptography and Security · Computer Science 2021-12-21 Kavya Govindarajan , Dhinakaran Vinayagamurthy , Praveen Jayachandran , Chester Rebeiro

The Maker Protocol is a decentralized finance application that enables collateralized lending. The application uses open-bid, second-price auctions to complete its loan liquidation process. In this paper, we develop a bidding function for…

Trading and Market Microstructure · Quantitative Finance 2021-05-27 Michael Darlin , Nikolaos Papadis , Leandros Tassiulas

Many companies use identity information for different goals. There are a lot of marketplaces for identity information. These markets have some practical issues such as privacy, mutual trust and fairing exchange. The management of identity…

Cryptography and Security · Computer Science 2021-06-29 Mohsen Rahnamaei , Saeid Tousi Saeidi , Siavash Khorsandi , Mehdi Shajari

While the entire field of privacy preserving data analytics is focused on the privacy-utility tradeoff, recent work has shown that privacy preserving data publishing can introduce different levels of utility across different population…

Computers and Society · Computer Science 2021-11-09 David Pujol , Ashwin Machanavajjhala

We study price-discrimination games between buyers and a seller where privacy arises endogenously--that is, utility maximization yields equilibrium strategies where privacy occurs naturally. In this game, buyers with a high valuation for a…

Computer Science and Game Theory · Computer Science 2024-04-17 Nivasini Ananthakrishnan , Tiffany Ding , Mariel Werner , Sai Praneeth Karimireddy , Michael I. Jordan

Milionis et al.(2023) studied the rate at which automated market makers leak value to arbitrageurs when block times are discrete and follow a Poisson process, and where the risky asset price follows a geometric Brownian motion. We extend…

Trading and Market Microstructure · Quantitative Finance 2024-07-30 Ciamac C. Moallemi , Dan Robinson

Cryptocurrency blockchains, beyond their primary role as distributed payment systems, are increasingly used to store and share arbitrary content, such as text messages and files. Although often non-financial, this hidden content can impact…

Machine Learning · Computer Science 2025-04-21 Charalampos Kleitsikas , Nikolaos Korfiatis , Stefanos Leonardos , Carmine Ventre

There is a growing trend regarding perceiving personal data as a commodity. Existing studies have built frameworks and theories about how to determine an arbitrage-free price of a given query according to the privacy loss quantified by…

Cryptography and Security · Computer Science 2021-11-24 Shuyuan Zheng , Yang Cao , Masatoshi Yoshikawa

Cryptocurrency exchange platforms such as Coinbase, Binance, enable users to purchase and sell cryptocurrencies conveniently just like trading stocks/commodities. However, because of the nature of blockchain, when a user withdraws coins…

Cryptography and Security · Computer Science 2023-09-06 Ya-nan Li , Tian Qiu , Qiang Tang

This paper proposes a doubled-sided auction mechanism with price discrimination for social welfare (SW) maximization in the electricity and heating market. In this mechanism, energy service providers (ESPs) submit offers and load…

Computer Science and Game Theory · Computer Science 2022-05-31 Lu Wang , Wei Gu , Shuai Lu , Haifeng Qiu , Zhi Wu

In this work, we study spectrum auction problem where each request from secondary users has spatial, temporal, and spectral features. With the requests of secondary users and the reserve price of the primary user, our goal is to design…

Networking and Internet Architecture · Computer Science 2013-05-29 Yu-e Sun , He Huang , Xiang-Yang Li , Zhili Chen , Wei Yang , Hongli Xu , Liusheng Huang

In traditional machine learning, the central server first collects the data owners' private data together and then trains the model. However, people's concerns about data privacy protection are dramatically increasing. The emerging paradigm…

Computer Science and Game Theory · Computer Science 2020-03-30 Yutao Jiao , Ping Wang , Dusit Niyato , Bin Lin , Dong In Kim

We consider the problem of implementing an individually rational, asymptotically Pareto optimal allocation in a barter-exchange economy where agents are endowed with goods and have preferences over the goods of others, but may not use money…

Computer Science and Game Theory · Computer Science 2015-02-16 Sampath Kannan , Jamie Morgenstern , Ryan Rogers , Aaron Roth

Firms and statistical agencies must protect the privacy of the individuals whose data they collect, analyze, and publish. Increasingly, these organizations do so by using publication mechanisms that satisfy differential privacy. We consider…

Theoretical Economics · Economics 2024-07-04 Ian M. Schmutte , Nathan Yoder
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